Post # 1
A conversation last night with DH got me thinking, how much do you Bees try to keep in your checking account? I know it is always good to have a bit of a slush fund in checking in case of emergencies, so what is your goal?
Post # 3
I’m an anal-retentive budgeter. I’ve got my finances mapped out through 2011, and generally fleshed out through 2012. Everything is in a self-updating Excel spreadsheet, so every penny is accounted for. No surprise bills (other than car work), so no need for a whole lot of extra.
Post # 4
We just keep our day-today spending money in chequing. Usually it ends up being that we pay the bills, transfer whatever we’ve decided on for the savings account, and then leave the left over cash in the chequing to spend on gas, eating out, coffee, etc.
Post # 5
We try and keep a float between 1500-3k in our chequing account as our savings account is high interest and we get penalized if we make more than one monthly withdrawal or transfer. Excess usually goes into savings. However, we keep the majority of our money in our TFSA accounts.
Post # 6
Enough to cover living expenses and spending money. We normally always have around $1500 in checking (unless it’s that dreaded time if the month that we refer to as “poor week”). The rest of our money sits in various savings accounts or in our new swanky fire safe that FI got for Christmas.
Post # 7
I keep around $1k in my checking acct to pay the bills and for day-to-day purchases, anything over that gets dumped into my savings.
Post # 8
We just do an auto-transfer of a certain amount into our savings every month and leave the rest in checking. If we get a ridiculous amount built up in our checking, we make an extra big deposit one month into savings, but we never draw from our savings into our checking account. It’s only there for emergencies, so we probably keep more in our checking than the average person.
Post # 9
I usually keep about 1500 in checking just incase, the rest goes in savings.
I wish I had more to put in there though!
Post # 10
Fi freaks if it gets below 5K. I have my own personal account and I spend til it’s gone. He also has a personal account that he can spend as he likes but he tends to save more of it and then give it to me when I”m broke. I should mention he has a good paying job and I only work mother’s hours.
Post # 11
i have a high yield checking acct so i use that as my savings acct and keep it all in there so it’s definitely padded.
Post # 12
Most of my cash is in savings, like all but what I need to pay for bills.
Post # 13
I only keep daily spending money in chequing…so at each paycheque I usually make sure there is $200 in there. I pay my bills, put money aside for my mortgage, and then put the rest in savings. I use my credit card for all the purchases I can during the month so I can build up airmiles, then pay it off each month with money from either chequing or savings.
Post # 14
I like to keep around $2,000 – $3000 in checking. If there’s something big I need to pay for, I like to have that amount at the ready so I can just use my debit card. But, I recently quit my nice paying job to attend school and work only parttime (unfortunately at a much lower wage). So I expect I’ll start keeping only about $500 in there.
My FI and I haven’t combined finances yet, so this story may change once we do!
Post # 15
I usually just keep some for bills and a little cushion of like $100-$200 for emergencies, I always use cash so I usually just use my checking account for my direct deposits, and paying bills, and gas, the rest gets put into savings, and I take out a set amount for spending money the beginning of each week.
Post # 16
We usually don’t dip below $1000. We have complete automated billing, so $1000 means we don’t have to pay much attention to it, and can cover any bill that comes in any day.